“Can a veteran-led challenger bank capture deposits and loyalty by offering alternative-asset-backed products — foreign currency accounts, precious metals lending, and self-directed retirement — that mainstream banks have abandoned?”
Battle Financial was founded by Frank Trotter and Vincent Amato — veterans of EverBank — to fill what they describe as a gap in traditional banking: high-yield interest accounts tied to foreign currency deposits, market index deposits, and precious metals. The company selected Temenos Banking Cloud in 2022 as its core banking platform, positioning itself as a direct bank challenger focused on alternative asset-backed products (gold/silver MELOC™ lines of credit) and self-directed retirement vehicles (Solo 401(k)). As of 2024, it remains pre-charter (Battle Bank N.A. is listed as 'in organization') and is raising convertible notes to fund the regulatory and technology build-out.
Battle Financial discloses Temenos Banking Cloud as its banking provider, according to the Embedded Finance Index 2026.
Battle Financial does not disclose a bank charter of its own; its banking services are provided through Temenos Banking Cloud.
The Embedded Finance Index 2026 maps 2 layers in Battle Financial's stack: Banking / BaaS (Temenos Banking Cloud); Lending (Metals Line of Credit (MELOC™) — precious-metals-backed revolving line of credit, up to 50% LTV on gold/silver holdings $100K+, 60-month interest-only, prime+2.75% with AutoPay).
Battle Financial was founded by Frank Trotter and Vincent Amato and is founded in 2022, headquartered in Edwards, CO, USA.
Battle Financial has raised $14.75M (convertible notes offering, 2024; prior rounds undisclosed) in total (latest round: 506(c) Convertible Promissory Notes offering, April 2024).
Get a read on where your own stack stands against Battle Financial and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.